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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Oct. 31, 2023
Oct. 31, 2022
Oct. 31, 2021
Revenues $ 2,756,016 $ 2,922,231 $ 2,782,857
Total expenses 2,517,587 2,624,716 2,598,097
Corporate general and administrative 103,196 102,618 106,694
Other interest [1],[2] 54,082 47,343 77,716
Other (income) expenses, net (1) [3] (17,148) 2,421 1,740
Loss on extinguishment of debt, net (25,638) (6,795) (3,748)
Income from unconsolidated joint ventures 43,160 29,033 8,849
Income before income taxes 255,951 319,753 189,861
Tax provision (benefit) 50,060 94,263 (417,956)
Net income 205,891 225,490 607,817
Less: preferred stock dividends 10,675 10,675 0
Net income available to common stockholders $ 195,216 $ 214,815 $ 607,817
Basic earnings per share (in dollars per share) $ 28.76 $ 30.31 $ 87.5
Weighted-average number of common shares outstanding basic (in shares) 6,230 6,437 6,287
Net income per common share (in dollars per share) $ 26.88 $ 29 $ 85.86
Weighted-average number of common shares outstanding (in shares) 6,666 6,728 6,395
State and Local Jurisdiction [Member]      
Tax provision (benefit) $ 3,239 $ 34,199 $ (82,348)
Domestic Tax Authority [Member]      
Tax provision (benefit) 46,821 60,064 (335,608)
Homebuilding [Member]      
Revenues 2,695,928 2,860,691 2,701,165
Cost of sales, excluding interest 2,052,800 2,137,063 2,110,196
Cost of sales interest 80,820 85,240 84,100
Inventory impairments and land option write-offs 1,536 14,076 3,630
Total cost of sales 2,135,156 2,236,379 2,197,926
Selling, general and administrative 201,578 193,536 169,892
Total expenses 2,336,734 2,429,915 2,367,818
Homebuilding [Member] | Sale of Homes [Member]      
Revenues 2,630,457 2,840,454 2,673,710
Homebuilding [Member] | Land Sales and Other Revenues [Member]      
Revenues 65,471 20,237 27,455
Financial Services [Member]      
Revenues 60,088 61,540 81,692
Total expenses $ 40,723 $ 42,419 $ 44,129
[1] Cash paid for interest, net of capitalized interest, is the sum of other interest expensed, as defined above, and interest paid by our mortgage and finance subsidiaries adjusted for the change in accrued interest on notes payable, which is calculated as follows:
[2] Other interest expensed includes interest that does not qualify for interest capitalization because our assets that qualify for interest capitalization (inventory under development) do not exceed our debt, which amounted to $2.6 million and $5.0 million for the three months ended July 31, 2023 and 2022, respectively, and $14.5 million and $25.5 million for the nine months ended July 31, 2023 and 2022, respectively. Other interest also includes interest on completed homes, land in planning and fully developed lots without homes under construction, which does not qualify for capitalization and therefore is expensed as incurred. This component of other interest was $10.9 million and $4.6 million for the three months ended July 31, 2023 and 2022, respectively, and $28.6 million and $9.9 million for the nine months ended July 31, 2023 and 2022, respectively.
[3] Includes gain on consolidation of a joint venture of $19.1 million for the year ended October 31, 2023 (see Note 20).